Hope grew today that mortgage rates have peaked as Nationwide became the biggest lender yet to cut its rates.
The country’s biggest building society is cutting the price of a fixed rate mortgage by up to 0.35 percentage points and a tracker mortgage by 0.2 percentage points. It joins HSBC, which became the first of the ‘big six’ to reduce rates when its lower prices came into effect yesterday, as well as Barclays.
